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1. Building back better after the COVID-19 pandemic

Author:
Miguel Jaramillo and Bruno Escobar
Publication Date:
11-2021
Content Type:
Working Paper
Institution:
Group for the Analysis of Development (GRADE)
Abstract:
In this policy-oriented paper, we provide a pre- and post-pandemic socioeconomic analysis of Peru, along with a financially sustainable five-year Building Back Better recovery plan, which emphasizes the urgency of addressing some of the country’s structural weaknesses. We underscore the importance of public investment for this effort, but widen the focus to include current public expenditure, in order to take steps towards building a more universal social protection system. We show that this also contributes to reducing the gender imbalances in the labor market that the pandemic exposed and exacerbated. We provide a financial programming exercise that demonstrates that the plan is financially responsible under a reasonable fiscal rule. Four core ideas stand out from our analysis. Firstly, while public investment can be key to reigniting economic growth, it does not go very far in tackling structural weaknesses. Secondly, public spending in health can actually achieve this from two fronts: by beginning to build a universal access social protection system and by addressing gender imbalances in the labor market. Thirdly, focusing public discussion on social protection enables a broader approach to policy reform by including formal employment and productivity enhancing reforms, which are essential for the sustainability of a broad social protection system. Finally, we also show that the sector mix in public investment has an impact on employment results, both in terms of the volume of jobs generated and their gender composition.
Topic:
Health, Inequality, COVID-19, Socioeconomics, Public Spending, and Gender
Political Geography:
South America and Peru

2. The coronavirus pandemic and its challenges to women’s work in Latin America

Author:
Diana Gutiérrez, Guillermina Martin, and Hugo Nopo
Publication Date:
11-2020
Content Type:
Working Paper
Institution:
Group for the Analysis of Development (GRADE)
Abstract:
The coronavirus pandemic has spread throughout the world and Latin America has not been exempt from its health, economic and social impacts. The economic shutdown, as a result of a combination of stringent measures (self-quarantines, mandatory lockdowns, limited capacity in shops, factories and offices, border closures, etc.), is having a profound economic and social impact. In the labor market it has shocked both supply and demand. Within households, it has resulted in an increase in the unpaid workload, burdening women disproportionately, further reducing the time they can allocate to productive activities. The crisis’s impacts and depth are felt differently by they can widen existing gender gaps. In this paper, the authors explore the impacts of the crisis on employment in sixteen countries in the region. In addition, they analize gender impacts through four lenses: young people, people living in poverty, people living in rural areas and heads of the family. Researchers present a set of policy option aimed at integrating the gender approach into the entire pandemic world. Emphasizing the need for cross-sectional solutions, the authors propose policies in three main areas: the home, work and the spaces between work and home. This will enable socio-economic recovery policies to not only soften short-term impacts, but also further equal opportunities for women and men in the medium and long terms.
Topic:
Economics, Gender Issues, Health, International Political Economy, Women, Pandemic, COVID-19, and Global Health
Political Geography:
Latin America

3. COVID-19 and External Shock: Economic Impacts and Policy Options

Author:
Miguel Jaramillo and Hugo Nopo
Publication Date:
06-2020
Content Type:
Working Paper
Institution:
Group for the Analysis of Development (GRADE)
Abstract:
Latin America is currently suffering from two independent but related shocks: the impact of COVID-19 and the shock of commodity prices. Peru, we argue, is a case in which the strongest impact comes from the pandemic. Peru was the first country in Latin America to react and implement sanitary and economic measures against the coronavirus. The country has been in mandatory quarantine since Monday, March 16. This carries very important challenges for all economic actors. Global and national activity has suffered a sudden stop with direct implications for: (i) the income generating capacity of independent workers, (ii) the jobs of formal and informal and informal workers, and (iii) the survival of small, medium and large companies. In this note we consider the situation of Peruvian households in the face of the pandemic, exploring their vulnerabilities through an analysis of their main source of income generation: work. We also consider the situation of the companies that employ the workers under analysis. We present an overview of what the government’s main action have been so far and offer some recommendations.
Topic:
Economics, Political Economy, Economic Policy, Coronavirus, Pandemic, and COVID-19
Political Geography:
Latin America and Peru